Deduction in respect of profits and gains from business of hotels - Sector 80ID [ Upto 31.03.2026 ]

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....such business for 5 consecutive assessment years beginning from the initial assessment year shall be allowed to assessee engaged in the business of hotel located in the specified district having a World Heritage Site. The hotel should be 2 star/ 3 star/ 4 star. Applicability This section applies to any undertaking, • (i)  engaged in the business of hotel located in the spec....

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....013. Condition for deduction The deduction under this section shall be available only if:- • (i) the eligible business is not formed by the splitting up, or the reconstruction, of a business already in existence; • (ii) the eligible business is not formed by the transfer to a new business of a building previously used as a hotel or a convention centre, ....

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.... by section 139(1). Manner of computation Deduction • Notwithstanding anything contained in any other provision of this Act, • in computing the total income of the assessee, in relation to the profits and gains of the undertaking, no deduction shall be allowed under • any other section contained in Chapter VIA or • section 10AA. â....